Scott Sumner is the Ralph G. Hawtrey Chair of Monetary Policy at the Mercatus Center at George Mason University, Professor Emeritus of economics at Bentley University, and a research fellow at the Independent Institute. As a returning guest to the podcast, Scott joins Macro Musings to give his latest thoughts on the COVID-19 crisis and its implications for monetary policy. Specifically, David and Scott discuss how the Fed can conduct more aggressive monetary policy, what a level targeting regime should look like in the future, and the current progression toward negative interest rates.

 

Transcript for the episode can be found here.

 

Scott’s Mercatus profile: https://www.mercatus.org/scholars/scott-sumner

Scott’s blog: https://www.themoneyillusion.com/

 

Related Links:

 

Scott's bonus segment: https://www.youtube.com/watch?v=z8DXU_1oIsg&feature=youtu.be

 

*Reforming the Fed’s Toolkit and Quantitative Easing Practices: A Plan to Achieve Level Targeting* by Scott Sumner and Patrick Horan

https://www.mercatus.org/publications/covid-19-policy-brief-series/reforming-feds-toolkit-and-quantitative-easing-practices

 

*Negative Interest Rates and Negative IOER* by Scott Sumner

https://www.econlib.org/negative-interest-rates-and-negative-ioer/

 

David’s blog: macromarketmusings.blogspot.com David’s Twitter: @DavidBeckworth